WMK: Weis Markets Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
Weis amended its unsecured revolver with Wells Fargo: $30M base plus $70M discretionary, SOFR+1.00%, $175M minimum EBITDA covenant.
What this filing says
Weis Markets and its subsidiaries amended their unsecured revolving credit agreement with Wells Fargo, which provides up to $30 million of borrowing with an additional $70 million of discretionary availability. Loans bear interest at Daily Simple SOFR plus 1.00%, and the company must keep trailing twelve-month EBITDA of at least $175 million, tested each fiscal quarter. For shareholders, this is a routine financing update that sets the terms of the company's borrowing capacity.
Key figures
- Base revolving facility
- $30,000,000.00
- Additional discretionary availability
- $70,000,000.00
- Minimum EBITDA covenant
- $175,000,000.00
- Interest rate margin over Daily Simple SOFR
- 1.00%
- Default rate increase
- 2%
Positive for shareholders
- The facility provides unsecured borrowing capacity that can be drawn as needed.
Negative for shareholders
- Loans carry a floating rate tied to SOFR, so interest costs can rise with market rates.
- The company must maintain minimum EBITDA of $175 million, tested quarterly.
- Events of default include a change of control, which could require repayment.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- Revolving credit facility:
- A loan arrangement where a borrower can repeatedly draw, repay and redraw funds up to a set limit.
- Daily Simple SOFR:
- A benchmark overnight interest rate based on secured borrowing transactions, used to price many loans.
- EBITDA:
- Earnings before interest, taxes, depreciation and amortization, a measure of operating profit used in loan covenants.
- Standby Letters of Credit:
- Bank guarantees that pay a beneficiary if the company fails to meet an obligation.
FAQ
How much can Weis Markets borrow under the amended credit agreement?
The facility is capped at $30 million in principal, with an additional discretionary availability of $70 million, according to the filing.
What minimum earnings must Weis Markets maintain under this facility?
The company must keep EBITDA of at least $175 million, measured on a trailing twelve-month basis at the end of each fiscal quarter.
What interest rate applies to Weis Markets loans under the amendment?
Loans bear interest at Daily Simple SOFR plus 1.00%, or the Prime Rate if Daily Simple SOFR cannot be determined or becomes unlawful.
Historical context for WMK
Across the 9 sessions after earlier WMK headlines, the stock closed higher 3 times and lower 6 times, with a median move of 1.6% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | WMK | SPY |
|---|---|---|---|
| Oct 30, 2026 | WEIS MARKETS ANNOUNCES QUARTERLY DIVIDEND | -0.6% | -1.8% |
| Aug 5, 2026 | WEIS MARKETS REPORTS SECOND QUARTER 2026 RESULTS | -4.6% | -0.2% |
| Jul 17, 2026 | WEIS MARKETS ANNOUNCES QUARTERLY DIVIDEND | -1.6% | -1.0% |
| May 1, 2026 | WEIS MARKETS ANNOUNCES QUARTERLY DIVIDEND | +1.1% | +0.3% |
| Mar 13, 2026 | WEIS MARKETS REPORTS FOURTH QUARTER AND FISCAL YEAR 2025 RESULTS | +4.8% | -0.6% |
| Feb 26, 2026 | WEIS MARKETS, INC. REPORTS DELAY OF ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 27, 2025 | -7.2% | -0.6% |
- Market cap
- 30-day
- Sector
- Consumer Staples
- Industry
- Food Chains
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